Artificial Superintelligence Alliance

NEAR Protocol

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-searches-for-bottom-as-altcoins-react-to-nvidia-earnings/" data-wpel-link="internal">Bitcoin Price Searches for Bottom as Altcoins React to NVIDIA Earnings</a> 
BTC price is searching for a bottom as expected and recently fell to $61,470. The last resistance test failed. As we’ve seen for months, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">prices</a> quickly retreat after resistance attempts. Therefore, the recent drop is not surprising. Those who lost hope in a rapid rise have been using the peaks as short-selling opportunities for a while. 
Tomorrow, the NVIDIA earnings report will be released, which could cause price fluctuations in some altcoins. 
<h2 style="text-align: justify" id="artificial-superintelligence-alliance-fet">Artificial Superintelligence Alliance (FET)</h2> 
ASI was born from the merger of three major AI tokens and made quite a splash. NVIDIA earnings reports make these altcoins and the current unified token highly sensitive. For example, before the previous announcement, the FET Coin price dropped to $1.9 but rose to $2.5 the next day. The daily chart is relatively favorable for further increases, but a new BTC shock drop could overshadow even a good earnings report. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-383635 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/Fet-Coin-NVIDIA.png" alt="" width="1656" height="856"> 
The awesome oscillator is positive, and FET Coin could increase this week with a good NVIDIA earnings report. The target on the daily chart is $1.93 with closures above $1.7. However, in a bearish scenario, sales could drop to $1.13. 
<h2 style="text-align: justify" id="near-protocol-near">NEAR Protocol (NEAR)</h2> 
Added to the AI trust by Grayscale, NEAR Coin is among the altcoins that could price in this development. It experienced double-digit growth in the last 7 days due to earnings report excitement. Although it tried to surpass $5.03, the <a href="https://en.coin-turk.com/what-is-cover-protocol/" data-wpel-link="internal">altcoin</a> fell to $4.91. If the upward momentum continues, it could accelerate towards $5.7 with a good report. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-383634 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/near-Coin-NVIDIA.png" alt="" width="1652" height="852"> 
In a bearish scenario, the possible target will be $4.24. 
<h2 style="text-align: justify" id="render-rndr">Render (RNDR)</h2> 
Since November 2022, RNDR Coin has significantly benefited from the excitement in the <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">AI field</a>. With a price of $6.17, it is relatively strong compared to others. It increased by 32% in the last 24 hours, naturally leading to profit-taking. We have been writing for weeks that the NVIDIA news could be priced in advance, and this expected scenario occurred here as well. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-383633 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/RNDR-Coin-NVIDIA.png" alt="" width="1661" height="847"> 
The strong support at $4.45 suggests that if momentum is maintained, RNDR Coin price could climb to $7.17. Experts are hopeful about the NVIDIA earnings report, but since there has been some pre-report pricing, a sell-the-news scenario could also occur. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-searches-for-bottom-as-altcoins-react-to-nvidia-earnings/" data-wpel-link="internal">Bitcoin Price Searches for Bottom as Altcoins React to NVIDIA Earnings</a></h5>
The post <a href="https://en.coin-turk.com/bitcoin-price-searches-for-bottom-as-altcoins-react-to-nvidia-earnings/" data-wpel-link="internal">Bitcoin Price Searches for Bottom as Altcoins React to NVIDIA Earnings</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Searches for Bottom as Altcoins React to NVIDIA Earnings

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